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MLS® C12398503

Overview

Key Facts

Type Commercial Land
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $5,783
Approx. Age 
MLS® Number C12398503

Property Address: 362 Lawrence Ave W, North York, ON, M5M1B7

Average square foot calculated using Size range provided by listing agent.

Description

362 Lawrence Avenue West represents an opportunity to acquire a ready-to-go missing middle redevelopment project in the heart of Ledbury Park fronting on Lawrence Avenue West. The project is compatible with CMHCs MLI Select program, offering low-cost financing over 40-50 years, making this an extremely attractive opportunity from a capital efficiency standpoint. The approved plan is for a 6-storey, purpose-built rental building with 10 residential units, comprising a mix of two and three bedroom suites. The design contemplates approximately 11, 500 SF of GFA. Importantly, the Property is one of the few developments in the city that has been approved to build as-of-right, according to the Major Street Study. Accordingly, the Property benefits from approvals in-place and the ability to begin construction immediately. The Property is currently occupied by a detached single-family home and is located between Lawrence Station and Lawrence West Station, with nearby bus stops offering access to both. It also benefits from close proximity to major amenities, including Yorkdale Shopping Centre, the Lawrence Allen Centre, and a variety of retail stores, services, and dining options along Lawrence Avenue. The Property's excellent location supports its ability to command premium rental rates, as demonstrated by nearby rental and condominium developments.Show Description
MLS® NumberC12398503
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

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